Home with brick exterior material, street for 184 Simcoe St, London East Ontario N6B 1H9
Re-listed 48 days ago

184 Simcoe St, London East, Ontario N6B 1H9

Townhouse
5 + 1
4
~2000-2500 sqft
$•••,•••
$744,900
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$3,725Cashback
Townhouse
5 + 1
4
~2000-2500 sqft

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Highlights

Property Estimate

Days on market48 days

Total days on market
557 days

Estimated valueNot available

Price/Sqft$335/sqft

Monthly cost

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Description

$5,500 Income Per Month! Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,650/m) 1 + Den, Front door renovated: Unit#2($1,050/m): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cashflow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. NET INCOME $56,749.


Property Details

StyleBacksplit 4
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size7,622 SqFt(197.74 x 38.55)
Parking Spaces8
MLS ®NumberX12145406
Community NameCentral London
Data SourceTRREB
Listing byCENTURY 21 MILLENNIUM INC.

Features

Heating: Baseboard
Basement: Finished, Sep Entrance

Main Floor

Kitchen

4.46 x 0.324


Features

Lot size: 7,622 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property History

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Terminated
Stayed -- on market
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Listing by trreb®

Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

0 to 19
10%
20 to 34
38%
35 to 49
17%
50 to 64
18%
65 and plus
16%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

What’s nearby?Essentials within 5 km

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